Reports of Chemical/Chase Merger Occupy Heat-Struck N.Y. Market

BANKS

As the August doldrums set in, the New York FX market has been caught up in bank merger fever. Reports have been circulating the market in recent weeks that Chemical Bank and Chase Manhattan Bank are in merger talks, but officials at both banks decline comment, neither confirming nor denying the rumours. Nevertheless, sources close to both banks speculate that "where there's smoke, there's generally fire."

The reports were sparked by a Knight-Ridder Financial News article dated July 26 saying

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: